Best Forex Broker

uk-forex-brokerWhich is the Best Forex Broker UK

Whether you’re a beginner or an experienced trader, we got you covered!

We have invested over 150 hours on research and tests to handpick the best forex brokers available to traders in the United Kingdom.

Here Are The Best Forex Brokers in UK:

Risk Warning:

Your capital will be at risk when using any of the recommended forex brokers on this page. Never invest money you can’t afford to lose. Using a high leverage can result in big losses. Between 65-89% of retail investors lose money when trading contracts for difference (CFD). Bullmarketz may be compensated by some of the brokers and trading platforms listed on our website.

Is Forex Trading allowed in your country?

CFD & Forex Regulation Country by Country. The forex and CFD trading services listed in this article are available in the following countries.

Europe:

  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

Forex Brokers & Platforms that we've tested:

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Our Writer:

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

Best Forex Trading Platforms For Beginners & Pros UK

1. eToro – Forex Copy Trading 

best-uk-forex-platformseToro is one of the biggest and most well-established forex brokers out there.

What sets them apart from other brokers is their innovative and interactive copy trading platform.

Copy trading is a feature that allows your to copy other successful traders, thus avoiding the tidious analytic work that normally goes into forex trading. Better yet, it’s just as suitable for beginners as it is for experienced traders.

And don’t forget to interact with other traders using the eToro social trading network.

Educational Material: There is a lot of material to dig your teeth into but the social network is the best source of knowledge when using eToro.
Demo Account: Yes, eToro has an unlimited demo account for all traders and it’s even before you sign up.
Assets: Forex, stocks, ETFs, cryptocurrencies – you name it and eToro offers it!

Read about copy trading in our eToro review

Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros)

Find the best trading platform. You capital is at risk when trading. Be careful.

2. IG Markets – The Absolute Best Forex Broker in the UK

forex-brokersIG Markets is a part of the brand IG Group which is one of the oldest and most well-established financial organizations in the UK.

Their flagship product is IG Markets which is a world-leading forex and CFD broker that’s aimed to anyone from a complete beginner to a seasoned professional.

Educational Material: IG Markets might very well have the most comprehensive educational material of all forex brokers.
Demo Account: Yes! Their demo account can be used to test forex trading, CFD trading, and spread betting.
Assets: More than 10,000 underlying assets with currency pairs being the second largest asset class after stocks.

Read our IG Markets Review

Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros)

Find the best trading platform. You capital is at risk when trading. Be careful.

3. Plus500 – Innovative Forex and CFD Broker

forex-trading-sites-ukPlus500 is a public listed UK company. They are known for delivering a high quality and simple to use the product; especially their in-house designed platform.

This makes Pluss500 a great CFD & forex broker, regardless of your knowledge and skill.

Make use of their free demo account and try trading forex before you deposit any money.

Educational Material: Everything you need to optimize your ability to make a profit.
Demo Account:
 Yes, you can open a Plus500 demo account today and test their platform out before you start trading for real money.
Assets: CFDS for Forex, stocks, cryptocurrencies, and much more.

Check out our comprehensive Plus500 Review

Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros)

Find the best trading platform. You capital is at risk when trading. Be careful.

4. AvaTrade – Forex Broker with Multiple Platforms

This is another top FX trading platform for UK traders. The broker provides a range of different platforms for everyone.

Moreover, spreads are low, customer service is great, and they’re reputation is flawless.

  • World class trading platform.
  • One of the best spreads in the industry.
  • 30:1 leverage for forex.
  • 50+ currency pairs including major, minor and exotic forex pairs.
  • Free forex demo account

Educational Material: Learn the basics of forex and CFD trading.
Demo Account: Practice trading with the AvaTrade demo account
Assets: Hundreds of assets spread across multiple markets.

Learn more in our Avatrade review

Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros)

Find the best trading platform. You capital is at risk when trading. Be careful.

5. Trade.com – A World Class Forex Broker

Trade.com is an excellent UK forex broker with a sensational platform.

Anyone who knows anything about us should know that we have a weak spot for MetaQuotes software. And that is exactly why Trade.com qualifies as one of the top forex brokers in the UK.

Besides offering forex trading on MT4, Trade.com gives its users access to the MetaTrader 5 as well as a very fine-tuned and well-designed trading experience.

If you need a new broker to trade forex with, we suggest you give Trade.com a try by opening a demo account.

Educational Material: An extensive database
Demo Account: Yes
Assets: 2,000+ assets on offer.

Read our Trade.com review

Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros)

Find the best trading platform. You capital is at risk when trading. Be careful.

BullMarketz.com provides detailed and constantly updated broker reviews that help people from all over the world find reliable online trading services. All of our recommendations are based on rigorous testing done by a team of professionals and are guaranteed to be unbiased and neutral at all times. To be listed as a forex trading platform on our website the broker has to be regulated and licensed by the FCA or CySEC.

Other Forex Providers in The UK:

Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros)

Find the best trading platform. You capital is at risk when trading. Be careful.

Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros) Research: Top 5 Best Forex Brokers & Platforms UK (Beginners & Pros)

Find the best trading platform. You capital is at risk when trading. Be careful.

How We Conduct Broker Tests

Based on our extensive experience as UK forex traders, we conduct all our reviews on specific criteria which you can read more about below.

Our reviewing process is extensive and we have spent countless hours trading with and researching every broker we recommend.

Safety and Transparency – A UK forex broker has to be safe and the only way to ensure that is to only use brokers with a license from the Financial Conduct Authority (FCA).

Assets – You need to have access to all the currency pairs you want to trade. Anything else would be pointless. Most forex brokers also offer CFDs on stocks, commodities, cryptocurrencies, etc. giving you the opportunity to benefit from multiple markets.

Platform – Being comfortable with the platform you use is absolutely crucial, especially as a beginner. Therefore, we only recommend brokers with the best forex platforms in the UK.

Fees – All UK forex brokers make money from charging what’s called a spread as well as other fees. The spread is the difference between the bid and ask price and you wan’t this to be as low as possible. All brokers recommended on this page are transparent with their spread and fees, yet some are “cheaper” than others.

Naturally, we also take other things into account and only recommend brokers that belong to the absolute top tier of brokers. For example, the broker’s reputation, history, and associated services.

FCA regulated FX Brokers in UK

As mentioned, safety is always our number one priority and, therefore, we only recommend licensed and regulated brokers.

On the British market, it’s the Financial Conduct Authority that’s responsible for regulating brokers and all the brokers we recommend for UK traders are licensed by the FCA.

Receiving a license from the FCA is not easy and only brokers that live up to the highest standards regarding funds protection, customer safety, and legitimacy, are approved.

Moreover, keeping a license is almost harder and every licensed broker goes through constant audits and checks by the FCA.

In case a broker would lose its license, we highly recommend that you change broker. Otherwise, you run the risk of being ripped off, having your account frozen or even lose your profits.

In addition, there are other regulatory bodies in Europe and abroad, for example, the CySEC for EU forex brokers, the ASIC for Australian forex brokers, MAS for forex brokers in Singapore, etc. Subsequently that means that brokers with more than one license are prioritized.

Be careful and use your common sense!

Unregulated Brokers

If you look around the web you will be able to find a lot of unregulated brokers and scams. Stay far away from them!

Do Your Own Research

Even though we only recommend the best forex brokers in the UK to our readers, it’s suggested that you do your own research. The reason for this is that you have to find a UK forex broker with a platform that you’re comfortable with. The best way to do so is to open demo accounts.

Let us explain.

We suggest that you read our recommendations and our complete UK forex broker reviews and then pick 2 or 3 of the brokers you think would suit you.

Next, you open a free demo account with each broker and start trading with them to see if you like what’s offered.

A demo account is an exact replica of a regular trading account. However, instead of trading with your own money, the forex broker provides you with virtual funds that allow you to trade under real market conditions but without any risk

Open An Account with the Best Forex Broker in the UK

After reading our recommendations and making your own research using demo accounts, it’s time to start trading. In order to do so, you have to open a trading account following these steps.

  1. Open an account – You start by providing the broker with personal information such as your name, address, email, phone number. This information will serve as the foundation for your account and is similar to the registration process on any website with accounts such as Facebook or Twitter.
  2. Verify your identity – Due to strict financial regulation, you have to verify your identity before you can deposit and withdraw funds with any regulated broker. This is done by uploading a copy of your official ID (passport, driver’s license, etc.) as well as proof of address (recent utility bill or bank statement). Note that the verification process can take a few days and that any broker can request additional information so make sure you start the verification process in time.
  3. Deposit funds – As soon as the broker has approved you and verified your identity, you can deposit money. Most brokers allow you to deposit using a debit/credit card, a regular bank transfer, and a range of e-wallet (Paypal, Skrill, Neteller). You want to make sure that the broker you pick supports the payment method you prefer before you register your account. Also, keep in mind that withdrawals are done back to the same account you used to deposit.
  4. Start trading – Now you can start trading at your own will. As a beginner, we suggest you start off slow and small. Don’t deposit too much, never use more than 5% of your balance on any single position, and never trade using money you can’t afford to lose. All the forex broker in the UK that we recommend provides educational material that will help you get started.
    Good luck and don’t hesitate to contact us if you have questions or concerns regarding FX brokers in the UK!

Looking For Something Else? 

In addition to the brokers provided above, we have listed the best trading products based on many other criteria in order to accommodate as many traders as possible.

Our Author:

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

COMMENTS

WORDPRESS: 970
  • comment-avatar
    Edward 1 year ago

    How come you don’t list more brokers? I know for sure there are many more brokers in the UK..

    • comment-avatar

      Hi Edward,

      Thanks for your comment.

      The reason for the article is to provide our visitors with absolute best forex brokers available in the UK, not all forex brokers in the UK. These are our favorite brokers.

      Though you are most definitely right, there is a ton of other brokers out there. Regulated and unregulated. We always advise our users to use regulated forex brokers.

      If you feel the none of the forex brokers listed above are not suitable, you can always look for others.

      Best,
      BM

  • comment-avatar
    Kassy 1 year ago

    So I am looking for the best currency / forex trading platform.. I do not really care about the design etc.. just great functionality and performance..

    I am curious about how these brokers are making money?

    • comment-avatar

      Hi Kassy, thanks for your comment.

      Question 1: The best platform – We would suggest that you check out Avatrade, or any other broker offering MT4 or MT5, these are generally considered to be the best forex trading platforms if you are only looking for performance and don’t care too much about design.

      Question 2: All of the forex brokers listed here are making money with a so-called spread. and it’s basically the difference between ASK and BID. You can look at the spread as the broker’s service cost.

      BR,
      BM

  • comment-avatar
    How_to_trade-Rafael 9 months ago

    I’ve have been with etoro for a while now and they’ve seem OK, I was previously trading in IG however they are notorious for shutting down very successful accounts. This coming from someone who used to turnover 7 figures with them..

    etoro is great if you are a beginner, if you are advanced perhaps another platform would work better.

  • Between 73-89% of retail investor accounts lose money when trading CFDs.